Sorry being quite busy for the last couple of weeks. An update; i lost 86 pips 2 weeks ago based on the news about the Feds dilly-dallying on what to do on the interest rates. I blame all this on not my so called quick thinking. I bought EUR/USD @ 1.5600 and it tumbled down to almost 1.54. I thought that it would rise but that never happened. So its not true that whatever comes down always goes up. So i have been taking a break and made a trade on 05/20/08/ Bought EUR/USD and gained 86 pips after 6 hours. This time i was ready to cut my loses.
Lesson: Always set your limits to avoid any loses.
Plans: I plan to look into trading other currency pairs particularly the USD/CHF, USD/GBP and UDS/JPY. With the economy behaving this way i guess currency trading can be a way to make some money if you know what you are doing.
